We've never used the DSCR but from what I understand, as long as the amount coming in on a monthly basis is more than enough to cover the monthly payments, that's what the MLO's are looking for.

Really like the idea as long as your city/HOA allows it.

As long as due diligence is documented, it's workable.

As long as you follow the laws...get your license, get your rental inspection, etc then its really no big deal.

Any major metro (especially Dallas) will have a lot of demand. 95% of my bookings have not been medical professionals so as long as you're in a good location, know your target demographic, marketing on each channel (Airbnb, VRBO, FF, FB) you'll get booked.

But Henry you're right, it is a decent buyers market there right now (to rinse and repeat) - first time in as long as I can remember.

Or does it not matter as long as both are listed as either primary names insured and additional?

Lenders Additionally a seller carry would work as long as it’s non-recourse.

There's a huge tenant demand, so you'll always be able to fill your units as long as they're in good condition and in the right areas. 

As long as the projected rent from the ADU covers the monthly payment (typically 1.0–1.25x), you can qualify.We’ve recently done DSCR deals with rates as low as 7%, depending on factors like credit score, leverage, and property type.